What
is non-restricted residential property under the Residential Property
Act?
In general, foreigners are not restricted from buying any apartment
within a building; any flat or dwelling-house in an approved condominium
development under the Planning Act. However, a foreign person is not
allowed to buy all the apartments within a building or all the units
in the condominium development.
What
is restricted residential property under the Residential Property Act?
Foreign persons (including natural persons, companies and societies)
are restricted from purchasing restricted residential property within
the meaning of the Residential Property Act. Such property includes:
- vacant
residential land;
- landed
property [i.e detached house, semi-detached house, terrace house (including
linked house or townhouse)]; and
- landed
property in strata developments which are not approved condominium
developments under the Planning Act.
Approval
will have to be obtained from the Minister for Law to purchase a restricted
residential property.
The
Land Dealings (Approval) Unit administers the provisions of the Residential
Property Act and its rules by:
- processing
applications from foreign persons and foreign companies for approval
to acquire or retain restricted residential property;
- issuing
clearance certificates to Singapore companies and societies;
- prosecuting
offences under the Residential Property Act; and
- dealing
with general enquiries relating to the operation of the Act.
Under
the Act, a foreign person is defined as a:
- person
who is not a Singapore citizen:
-
foreign company; and
- foreign
society.
If
you are a foreign person and are interested in purchasing a restricted
residential property, we can assist you to apply to the relevant authority
for approval. Please Email
Markus Tay.
